Home Seller Tips: Increasing the Value of a Home With New Vinyl Siding
When the time comes to sell your home, curb appeal is important for attracting buyers and good offers. While old, unattractive siding can turn buyers away from your property, new siding can bring buyers calling. Understanding the difference that your home’s siding can make can help you decide whether or not new siding is right for you.
How Old Siding Can Turn Away Buyers
When buyers see old siding, their concerns turn instantly to their budget and the time it would take to repair or replace the home’s existing siding. Some of the greatest concerns of home buyers may include:
- More work. Old siding will need to be replaced or repaired after the home is purchased. Moving into a new home is already a lot of work, so many home buyers shy away from purchasing properties that are not “turn key.”
- Curb appeal. Old siding can detract your from curb appeal by making the house look older and in need of repair.
- Reduced home value. Knowing that a major system in the home will soon need to be replaced or repaired after move-in, many home buyers will make a lower offer, if they make an offer at all.
What to Look For When Evaluating Your Home’s Siding
Not all old siding will instantly turn away buyers. The most problematic siding will be in poor shape and will need a lot of work to make your home look its best again. If you’re trying to decide whether or not your home’s siding needs to be replaced before putting your home on the market, look for these qualities:
- Peeling paint. Paint is what protects wooden siding from UV rays as well as rain. Peeling paint is an indication that your home’s siding has been compromised. If the paint is peeling from your home, likely some of the wood will need to be replaced before the siding can be painted again.
- Stains from mold or mildew. Mold and mildew can leave hard-to-remove stains. Over time, these stains can become permanent, leaving the home looking shabby and dirty.
- Rotten boards. Rotten siding boards will feature soft wood that is stained and can be easily penetrated by an awl or a screw driving. These boards will need to be replaced before painting.
- Warped siding. Some types siding can be warped by exposure to heat. If enough of the siding is warped, replacing the entire siding on the home may be the only practical way to repair the damage.
- Faded coloring. If your home’s non-wood siding has faded over time, replacement is the best way to make your home stand out and attract buyers.
- Cracks, cuts and holes in the siding. Due to natural wear and tear, your home’s siding may develop cracks, cuts, holes and punctures. While a few punctures or cracks may be repairable, if there are many of these areas, replacement may be more practical.
If you’re not sure whether or not your siding needs to be replaced, a siding expert may be able to help.
Benefits of New Siding
New siding has many benefits for homeowners who would like to sell their home soon.
- Appearance. New siding is naturally beautiful and clean, which is exactly what buyers look for when seeking a new home.
- Boosts property value. New vinyl siding can deliver as much as 89% ROI, thus leading to bigger offers and happy buyers. As far as improvement projects go, this is one of the better investments.
- Make a great first impression. New siding has a way of making a home look brand new. This can help buyers relax when they pull up to the property, knowing that the house they’re about to see has been well-maintained.
Get Started Early
Homeowners who are thinking about selling their homes in the next year might benefit from replacing their home’s siding. Talking to a professional early in the process can help ensure there’s enough time to have the siding replaced before putting the house up for sale.